1517 Baxter Street

Los Angeles, CA 90026

$1,150,000
Price
4
Beds
2
Baths
1,648 Sq. Ft.
$698 / Sq. Ft.
1,648
Sq. Ft.
$698
per Sq. Ft.

Description

Nestled in one of the most desirable neighborhoods of Echo Park, this duplex offers a fantastic investment opportunity or owner-user with incredible potential. A stone's throw from the famous Silver Lake steps, Echo Park Lake and Dodger stadium as well as top-rated schools, trendy shops, popular restaurants, coffee houses, and vibrant nightlife. This property is perfectly situated to attract tenants who value convenience and community. The building consists of two spacious 2-bedroom units. One unit...Nestled in one of the most desirable neighborhoods of Echo Park, this duplex offers a fantastic investment opportunity or owner-user with incredible potential. A stone's throw from the famous Silver Lake steps, Echo Park Lake and Dodger stadium as well as top-rated schools, trendy shops, popular restaurants, coffee houses, and vibrant nightlife. This property is perfectly situated to attract tenants who value convenience and community. The building consists of two spacious 2-bedroom units. One unit will be delivered vacant, allowing for immediate updates and the flexibility to set your ideal rents, or perfect for an owner-user. While the property would benefit from some updating, it boasts solid bones and a location that can't be beat. With its prime location and a little vision, this property is ready to be transformed into a high-demand rental or long-term hold. This prime location offers easy access to vibrant local amenities and transportation options including the 2, 101, 5, 110 freeways. Adjacent four-plex, 2106 Valentine St., can be purchased with this property.
  1. Listed by Will Tiao • DRE #01918965 • Brokerage DRE #01335786 • The Collective Realty
  2. Listed by Ken Dennis • DRE #02097826 • Brokerage DRE #01335786 • The Collective Realty

Property Details for 1517 Baxter Street

Water Front
None
Zoning
LAR2
Parcel Number
5420038027
Total Units
2.0
Living Area
1648
Source Living Area
Assessor
Area
Silver Lake (671)
Vacancy Rate
50%
LISTING UPDATED: 12/21/2024 11:58 AM

Property Details for 1517 Baxter Street

StatusActive Under Contract
MLS #24-462269
Days on Market31
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.16 AC / 6,836 SF
CountyLos Angeles County

Building Information for 1517 Baxter Street

Stories-Residences-Year Built1923Building Size-Lot Size0.16 AC / 6,836 SF

Property Information for 1517 Baxter Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: apartments
  • Security Features: None
  • Water Heaters: Yes
  • ADA Compliance: No
  • Additions Alterations: No
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $55,200
  • Net Operating Income: $39,625.00
  • Gross Income: $55,200
  • Cap Rate: 3.50%
  • Gross Rent Multiplier: $20.80
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 15575
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.1569
  • Lot Size Square Feet: 6836
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Gas
  • Equipment: None
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-20-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $1,100.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $19,053.00
  • Assessed Improvement Percent: 36.97
  • Assessed Land Value: $32,483.00
  • Assessed Land Percent: 63.03
  • Assessed Total Value: $51,536.00

Property History for 1517 Baxter Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1517 Baxter Street

Taxable ValueLand$33,132Additions$19,434Total$52,566
Tax Record2024$883 ($74 / month)
Home Facts
Total Finished SqFt1,648 SqFtAbove Grade Finished SqFt1,648 SqFtLot Size6,834 SqFtStyleDuplexYear Built1923ZoningLAR2CountyLOS ANGELESAPN5420-038-027

Schools near 1517 Baxter Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Elysian Heights ES Arts Magnet
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Gabriella Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Collective Realty, Will Tiao, DRE #01918965; The Collective Realty, Ken Dennis, DRE #02097826

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.